Mastercard (MA) CFO Ling sold 8,635 shares for $5.54M at an average $641.72 under a 10b5-1 plan
CFO Ling Hai exercised 8,635 options at $112.31 and sold shares at about $641-642 under a 10b5-1 plan, $5.5M total.
Insider transactions reported
Hai Ling (Chief Financial Officer at Mastercard Incorporated, MA) reported that they sold 8,635 shares for $5.54M at an average $641.72, and acquired 8,635 shares at $112.31 between Oct 30, 2026 and Nov 2, 2026. After these transactions the filing shows 35,750.5 shares held directly.
- Reporting person
- Ling Hai
- Role
- Chief Financial Officer
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Oct 30, 2026 | Exercise or conversion of a derivative (M) | Class A Common Stock1 | +4,318 | $112.31 | $485K | 40,068.5 direct |
| Oct 30, 2026 | Open-market sale (S) | Class A Common Stock1 | -4,318 | $642.43 | $2.77M | 35,750.5 direct |
| Nov 2, 2026 | Exercise or conversion of a derivative (M) | Class A Common Stock1 | +4,317 | $112.31 | $485K | 40,067.5 direct |
| Nov 2, 2026 | Open-market sale (S) | Class A Common Stock1 | -4,317 | $641.00 | $2.77M | 35,750.5 direct |
Options and other derivatives
| Date | Type | Security | Shares | Price | Value | Held after |
|---|---|---|---|---|---|---|
| Oct 30, 2026 | Exercise or conversion of a derivative (M) | Employee Stock Option (right to buy)On 4,318 Class A Common Stock1, 2 | -4,318 | - | - | 4,317 direct |
| Nov 2, 2026 | Exercise or conversion of a derivative (M) | Employee Stock Option (right to buy)On 4,317 Class A Common Stock1, 2 | -4,317 | - | - | 0 direct |
Holdings before and after
- Employee Stock Option (right to buy): 8,635 to 0 direct
Footnotes from the filing
- 1. The transaction was effected pursuant to a pre-planned trading plan entered into in accordance with Rule 10b5-1 of the Securities Exchange Act of 1934. The pre-planned trading plan was adopted by the reporting person for personal financial management purposes on December 10, 2025.
- 2. The reporting person was awarded 12,952 employee stock options on March 1, 2017, which previously had fully vested.
Transaction codes in this filing
- Open-market sale:
- Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
- Exercise or conversion of a derivative:
- Code M marks the exercise or conversion of an option or other derivative under an exempt plan.
FAQ
What did Ling report in this MA Form 4?
Hai Ling (Chief Financial Officer at Mastercard Incorporated, MA) reported that they sold 8,635 shares for $5.54M at an average $641.72, and acquired 8,635 shares at $112.31 between Oct 30, 2026 and Nov 2, 2026. After these transactions the filing shows 35,750.5 shares held directly.
How many MA shares does Ling hold after this filing?
The filing shows 35,750.5 shares held directly after the reported transactions. Form 4 reports only the positions it lists, so this may not be every holding.
Was this MA insider sale made under a 10b5-1 plan?
The filing's footnotes mention a Rule 10b5-1 trading plan. Such a plan sets the terms of future trades in advance.
What does transaction code S mean on an SEC Form 4?
Code S marks a sale in the open market or a private deal. The insider received cash for these securities.
Historical context for MA
Across the 26 sessions after earlier MA headlines, the stock closed higher 12 times and lower 14 times, with a median move of 0.9% in either direction. This shows timing only: many things move a stock in a session, and these figures do not show that any headline caused a move.
| Session | Earlier headline | MA | SPY |
|---|---|---|---|
| Oct 29, 2026 | Mastercard Incorporated Third Quarter 2026 Financial Results Available on Company’s Website | +4.2% | -0.4% |
| Oct 28, 2026 | Mastercard to Participate in Upcoming Investor Conferences | +0.1% | +0.3% |
| Oct 15, 2026 | Mastercard and BVNK Launch Global Money Platform to Power a Multi-Money World | +2.2% | +0.3% |
| Oct 9, 2026 | Mastercard Incorporated to Host Conference Call on Third Quarter 2026 Financial Results | +2.5% | +0.6% |
| Sep 30, 2026 | Mastercard Advances Agentic Commerce With New Trust and Intelligence Servicesand 1 other headline that session | -2.1% | -0.2% |
| Sep 28, 2026 | Mastercard Advances Commercial Payments With AI-Powered B2B Analytics Solution | +0.1% | -0.7% |
Earlier insider filings at MA
- Oct 19, 2026Chief Financial Officer Ling Hai sold $2,676,540 worth of shares (4,317 units at $620.00) as part of a pre-agreed trading plan (SEC Form 4)
- Oct 13, 2026Director Genachowski Julius sold $435,418 worth of shares (741 units at $587.61) as part of a pre-agreed trading plan (SEC Form 4)
- Oct 5, 2026SEC Form 4 filed by Mastercard Incorporated
- Oct 5, 2026SEC Form 4 filed by Mastercard Incorporated
- Oct 5, 2026SEC Form 4 filed by Mastercard Incorporated
- Market cap
- 30-day
- Sector
- Consumer Discretionary
- Industry
- Business Services
- Listed since
- 2006
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